XXXXX Advance definition

XXXXX Advance means an Advance denominated in Sterling which, except as otherwise provided in Section 2.11, bears interest at XXXXX.

XXXXX Advance means an Advance denominated in Pounds Sterling that bears interest as provided in Section 2.05(c).

XXXXX Advance or “XXXXX Xxxx” means an Advance or Loan which, except as otherwise provided in Section 2.11, bears interest based on the XXXXX Xxxx. For the avoidance of doubt, only Loans denominated in Sterling shall bear interest at a rate based on the XXXXX Xxxx.

Examples of XXXXX Advance in a sentence

• The applicable Borrower shall from time to time select and give notice to the Agent of the LIBOR Period, XXXXX Period or EURIBOR Period for athe applicable LIBOR Advance, Daily Simple XXXXX Advance or EURIBOR Advance, which shall commence on the making of the LIBOR Advance, Daily Simple XXXXX Advance or EURIBOR Advance or at the expiry of any outstanding LIBOR Period, XXXXX Period or EURIBOR Period applicable to asuch LIBOR Advance, Daily Simple XXXXX Advance or EURIBOR Advance that is being rolled over.

• Each XXXXX Advance shall be in the minimum amount of £5,000,000 (and in multiples of £1,000,000 if in excess thereof).

• Overdue interest with respect to a LIBOR Advance, Daily Simple XXXXX Advance and EURIBOR Advance shall, upon the expiry of the LIBOR Period, XXXXX Period or EURIBOR Period applicable to such LIBOR Advance, Daily Simple XXXXX Advance or EURIBOR Advance, bear interest, payable on demand, calculated at the rates applicable to Base Rate Advances if such Advance is in US Dollars and at the rates applicable to Advances at the Overnight Rate if such Advance is in an Agreed Currency other than US Dollars.

• Interest accrued on each XXXXX Advance shall be payable in arrears on each Payment Date, on any date on which the XXXXX Advance is prepaid, whether by acceleration or otherwise, and on the Facility Termination Date.

• Each LIBOR Advance, Daily Simple XXXXX Advance or EURIBOR Advance in Euros, and Sterling and Swiss Francs shall be in a minimum amount of $2,000,000, in the applicable currency, and a whole multiple of $100,000, in the applicable currency.

More Definitions of XXXXX Advance

XXXXX Advance or “XXXXX Xxxx” means an Advance or Loan which, except as otherwise provided in Section 2.11, bears interest based on the Daily Simple XXXXX Xxxx. XXXXX Advances and XXXXX Xxxxx shall be denominated in Pounds Sterling. “XXXXX Business Day” means, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, Pounds Sterling, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which banks are closed for general business in London. “XXXXX Xxxx Day” has the meaning assigned to such term in the definition of “Daily Simple XXXXX Xxxx”. “Specified Indebtedness for Borrowed Money” means (a) Indebtedness for Borrowed Money described under clause (a) of the definition of Indebtedness for Borrowed Money of any Major Subsidiary that is not a Guarantor and (b) guarantees by any Major Subsidiary that is not a Guarantor of any Indebtedness for Borrowed Money described under clause (a) of the definition thereof.

XXXXX Advance means an advance in Sterling to which XXXXX (plus the Applicable Margin) is applicable pursuant to Section 3.6.

XXXXX Advance or “XXXXX Loan” means and Advance or Loan which, except as otherwise provided in Section 2.11, bears interest based on the Daily Simple XXXXX Rate. XXXXX Advances and XXXXX Loans shall be denominated in Pounds Sterling.

XXXXX Advance means a Term XXXXX Advance or a Daily Compounded XXXXX Advance.

XXXXX Advance means an Advance denominated in Sterling which, except as otherwise provided in Section 2.11, bears interest at XXXXX. “XXXXX Xxxx” means a Loan denominated in Sterling which, except as otherwise provided in Section 2.11, bears interest at XXXXX. “Specified Transaction” means any transaction or series of related transactions resulting in (a) the acquisition or disposition of all or substantially all of the assets of a Person, or of any business or division of a Person, (b) the acquisition or disposition of in excess of 50% of the equity interests of any Person, or (c) a merger or consolidation, business combination or similar transactions with another Person (other than the Parent or any of its Subsidiaries).

XXXXX Advance means an amount of up to $50,000,000 to be applied in part-payment of the Contract Price for “TRANSATLANTIC” payable pursuant to the MOA for that Ship;

XXXXX Advance means an Advance that bears interest at a rate based on the Adjusted Daily Simple XXXXX.